Extra Space Storage (EXR) Revenue — Quarter Ended Jun 30, 2024
Revenue for the quarter decreased from the immediately preceding period but increased compared to the same quarter one year earlier. The sequential decline contrasts with the significant year-over-year growth.
Key takeaway
Quarter ended Jun 30, 2024 · FY2024 Q2
Revenue for the quarter decreased from the immediately preceding period but increased compared to the same quarter one year earlier. The sequential decline contrasts with the significant year-over-year growth.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$29.9M
Revenue reported for this quarter.
Quarter-over-quarter
-1.0%
Change from the immediately preceding quarter.
Year-over-year
+34.5%
Change from the comparable year-ago quarter.
Trailing four quarters
$118.4M
Sum of the latest four reported quarters.
Quarterly revenue trend
The latest four reported quarters with year-over-year comparisons.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Sep 30, 2023 | $28M | +26.0% |
| Dec 31, 2023 | $30.4M | +43.4% |
| Mar 31, 2024 | $30.1M | +41.0% |
| Jun 30, 2024 | $29.9M | +34.5% |
Revenue performance
Reported revenue moved lower from the prior quarter, reflecting a sequential contraction. On an annual basis, however, revenue remained substantially higher than the comparable period a year ago.
Quarterly comparison
Compared with the immediately preceding quarter, revenue was slightly lower. Relative to the same quarter one year earlier, revenue registered a notable increase.
What to watch
Monitor whether the sequential decline persists or reverses in upcoming quarters given the prior trend of rising revenue.